It’s no secret that the cost of college tuition is on a steady rise. From 2002 to 2012, tuition at four-year public universities has nearly doubled to $8,240 per year from $4,280. Students at private universities saw tuition increase on average to $28,500 per year from $22,120 during the same 10-year period, according to the College Board. On top of these increases, the recent economic turmoil has made footing the tuition bill increasingly harder for students and their families.
However, some universities are bucking the trend and taking steps to make tuition more affordable, offering everything from free books to 10% reductions in tuition across the board. And so far, the results have been overwhelmingly positive for students and the universities.
Last year, Sewanee: The University of the South in Tennessee slashed its tuition by 10%, and according to
President John McCardell, Jr., the reduction increased visitors to the campus by 60%, and bumped applications by 20%. » Read more: Many Colleges Lower Tuition